WASHINGTON – President Joe Biden‘s administration announced sweeping new sanctions Friday against Russia on the one-year anniversary of Russian President Vladimir Putin’s invasion of Ukraine.
The White House said Friday that the United States will impose sanctions on 200 individuals and entities, which include Russian as well as third-country actors in Europe, Asia and the Middle East that are supporting Russia’s war efforts. A dozen Russian financial institutions will also be targeted.
White House press secretary Karine Jean-Pierre said Thursday that the measures will target “key sectors that generate revenue for Putin,” additional Russian banks, Russia’s defense technology industry and actors in third-party countries trying to evade U.S. sanctions.
In addition, the Department of Commerce will take several export control actions against nearly 90 Russian and third-country companies, including in China, for sanction evasion. Biden also will sign proclamations Friday to raise tariffs on more than 100 Russian metals, minerals and chemical products.
The moves come as Biden is scheduled to meet virtually with Ukrainian President Volodymyr Zelenskyy and leaders of the Group of Seven nations to coordinate assistance efforts.
The latest
- Friday’s meeting among G-7 nations will be the first since Putin announced he was suspending Moscow’s participation in New START, a strategic nuclear arms reduction treaty, after Biden’s surprise visit to Ukraine.
- Biden called Putin’s New START decision “a big mistake.”
- Biden will announce additional economic, energy and security assistance to help Ukraine, Jean-Pierre said.
- During his unannounced visit to Kyiv on Monday, Biden pledged an additional $460 million in security assistance to the former Soviet ally but has resisted Zelenskyy’s request for F-16 fighter jets.
More:Biden calls Putin’s New START suspension a ‘big mistake.’ What is the nuclear arms treaty?
Takeaways
Through new sanctions and assistance, Biden is out to show that the U.S. and allies will stand with Ukraine for as long as it takes.
Resilience among allies was a major theme of Biden’s speech Wednesday in Warsaw, commemorating the one-year mark of a war that has no end in sight.
“Putin no longer doubts the strength of our coalition,” Biden said. “But he still doubts our conviction. He doubts our staying power. He doubts our continued support for Ukraine.”
Biden said Putin “was wrong” in assuming Ukraine would quickly collapse and NATO would fracture. Now he wants to prove Putin wrong again by demonstrating sustained economic and military support.
Want to know more? Here’s what you missed
‘Big mistake’: Biden calls Putin’s New START suspension a ‘big mistake.’ What is the nuclear arms treaty?
‘It’s hard, but they’re holding on’: On the ground in Ukraine, the war depends on U.S. weapons
‘Kyiv stands strong’:Biden declares Putin ‘was wrong,’ marking one year of Russia’s war in Ukraine
Biden’s surprise:How President Biden pulled off a secret trip to Ukraine one year into Russia’s war
More:Putin suspends nuclear arms treaty as US-Russia tensions build amid Ukraine war anniversary